Car COE premiums reach another high
The Open Cat, normally used for cars saw a rise to $84,590. -AsiaOne
Wed, Apr 04, 2012
AsiaOne
SINGAPORE - Premiums for car certificates of entitlement (COE) rose hit a high at the end of April's first bidding exercise at 4pm today (April 4).
A Category A COE - for small cars 1,600cc and below, including taxis - rose to $58,501, up from $56,501 in the previous bidding in March. Cat B climbed as well to $83,700 from $82,003 previously.
The Open Cat, normally used for cars, also saw a rise to $84,590 from $80,101.
These prices for car COEs have not been seen in recent years.
Cat C for commercial vehicles rose to $53,989 from $51,511. Cat D for motorcycles dipped to $1,896 from $2,000.
According to a Straits Times report, the rise was attributed to new car launches and renewed customer confidence stemming from a strong stock and property market.
[email protected]
Clarification: In an earlier version of this article some COE premiums were reflected inaccurately in the table. They have since been rectified.
April 1st biddingCategoryApril 4March 21
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The Open Cat, normally used for cars saw a rise to $84,590. -AsiaOne
Wed, Apr 04, 2012
AsiaOne
SINGAPORE - Premiums for car certificates of entitlement (COE) rose hit a high at the end of April's first bidding exercise at 4pm today (April 4).
A Category A COE - for small cars 1,600cc and below, including taxis - rose to $58,501, up from $56,501 in the previous bidding in March. Cat B climbed as well to $83,700 from $82,003 previously.
The Open Cat, normally used for cars, also saw a rise to $84,590 from $80,101.
These prices for car COEs have not been seen in recent years.
Cat C for commercial vehicles rose to $53,989 from $51,511. Cat D for motorcycles dipped to $1,896 from $2,000.
According to a Straits Times report, the rise was attributed to new car launches and renewed customer confidence stemming from a strong stock and property market.
[email protected]
Clarification: In an earlier version of this article some COE premiums were reflected inaccurately in the table. They have since been rectified.
April 1st biddingCategoryApril 4March 21
| April 1st bidding | ||
| Category | April 4 | March 21 |
| Cars (1600CC & below) & taxis | $58,501 | $56,501 |
| Cars (above 1,600CC) | $83,700 | $82,003 |
| Commercial vehicles | $53,989 | $51,511 |
| Motorcycles | $1,896 | $2,000 |
| Open category | $84,590 | $80,101 |
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